Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$598,370$598,370$1,080,000
Remaining term (yrs)29.629.630.0
Secondary amount$0$481,630$0
Funding fee$2,992$2,992$0
Note rate6.520%6.520%7.400%
Blended rate6.520%7.069%7.640%
1st payment$3,800.30$3,800.30$7,477.70
2nd payment$0.00$3,110.53$0.00
Taxes / mo$447.83$447.83$447.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$216.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,464.80$7,575.33$8,358.20
Cash to close$601,630$120,000$120,000